1994 AGN SEP 06 I28(b) - Laserfiche WebLink

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John R. Reynen 11 6w%� a &Mro, May 19, 1994 Bel -Air Financial Corporation 1800 Avenue of the Stars 12th Floor Los Angeles, CA 90067 505 Ali& 4-10 Wd 92401 A/w"e- t19091j 884 - 64 7 7 ATTN: MS. SUSAN K. WEINTRAUB - DEVELOPMENT MANAGER RE: STEPHEN and DEBORAH ANDERSON Dear Ms. Weintraub: Enclosed please find a.copy of A.G.I. Geotechnical, Inc.'s report regarding MR. and Mrs. Andersons property. These are the engineers who conducted the testing for State Farm insurance. This report indicates that the primary cause of damage to the Anderson's home has been the settlement of the soil upon which the house sits. The report indicates that the damage to the house at this time is relatively low compared to the potential for future damage due to the improperly packed soil. A.G.I. has two primary recommendations. The first is underpinning the foundations of the house by means of caissons to natural ground. This would require relatively deep caissons and the construction of structural slabs. It is my understanding that this would be very costly when compared to the alternative they recommend. This alternative is pressure grouting the uncompacted fills. A.G.I. does state that if this less expensive alternative is chosen that it essential that an experienced contractor is used to make sure the work is done properly in order to avoid future problems. As this was the report we were waiting for and it is similar in its conclusions to that of your own engineers we are requesting that you conduct the pressure grouting on the Andersons property. In addition to the pressure grouting we are also asking that you upgrade the Andersons landscaping and patio. We are also asking that all damage done by the settlement be repaired. Finally, we are asking that you compensate the Andersons for all the time, inconvenience, stress and depreciation in value to the property this has caused in 'the amount of $505000.00. In the alternative,, the Anderson's would be willing to have the purchase contract recinded with a reimbursement of their initial $25,000.00 down payment and approximately $25,000.00 in monthly payments to date. In addition, they request $10,000.00 for compensation to them for the, upgrades to the property, ie. drapes, carpet, patio..., $10,000.00 for the stress, inconvenience and